we look forward to working with the new chinese government, just as president obama has been re-elected. >> richard, the chinese leadership is now in place. give us a rundown on who they are and what should we expect here. >> i think the basic point of the leadership transition we've just seen has been very steady and stable. that's an achievement of itself. i mean, china still is in the early stages of institution building or finding an institutional mechanism for transference of leadership and the like. it was a conservative change in this respect. i mean, i don't want to break up individuals on the politburo standing committee into reformers and conservatives, because that's the kind of very rubbery terms. it's like putting a black hat or a white hat on somebody's head. it seemed to be very much leaning towards seniority. i think the new fourth-ranked person, party secretary yu from shanghai, 67 years old, which is really the age when you should retiring rather than being elevated. two people have been most active and outspoken, i guess, in promoting, broadly speaking, you know, a li